Spanish
The renowned firm Moody's Ratings upgraded the international risk rating of the Banco de Reservas' long-term deposits, moving from Ba3 to Ba2, in both local and foreign currency.
The financial institution also achieved a positive transformation of its baseline credit assessment (BCA), which was upgraded to Ba2, reflecting a solid financial evolution. This decision comes after Moody’s concluded its annual review, following the upgrade of the Dominican Republic's sovereign rating.
Samuel Pereyra, executive president of Banreservas, agreed that in the last five years the financial institution has substantially improved all its indicators, which have earned it multiple recognitions as the best bank in the Dominican Republic and the Caribbean region, according to important international magazines.
"Thanks to these improvements, today we are a more agile, innovative and efficient bank, contributing to the development of all productive sectors of the country, as well as to the growth and dynamism of the Dominican economy," he said.
Improvement Factors
Among the main factors supporting these improvements are: consistent performance in the last five years, with high asset quality, recurring profitability and a stable liquidity profile, in addition to the strength of the Banreservas brand as the largest bank in the Dominican financial system with sustained access to deposits from the private sector, personal banking and government entities. Other complementary factors are the credit growth of 10% year-on-year at the end of March 2025, with a delinquency rate of less than 1%; robust credit provisions that reach a coverage of non-performing loans of 4.9 times; and improved capitalization, with a tangible common equity ratio over risk-weighted assets of 11.9%. The strategic role as the State's bank is also highlighted, aligned with the sovereign rating granted to the Dominican Republic, recently raised to Ba2 and the outlook modified to stable, reflecting the institutional and economic strength of the country. So far this year, Moody’s Local and Feller Rate had also granted Banreservas the maximum AAA rating with a Stable outlook, a distinction that indicates the maximum solvency index and low risk of default of the financial institution, on a national scale. The improvements received by prestigious rating agencies, as well as the recognitions granted by important international magazines, reflect the consolidation and advances experienced by Banreservas in recent years, which in turn have benefited the different segments of the Dominican population.
